Director, Development Cost Accounting

About the Organization

Colovore is the leader in ultra-high-density, liquid-cooled AI colocation data centers for the deployment of AI inference, SuperPod, and AI factory applications and solutions. With facilities featuring power densities of 17-500+ kilowatts per cabinet, we are expanding quickly and building a national footprint of modern, hyper-efficient, high-density data centers to serve Fortune 500 enterprises and startups. The company was acquired by King Street in 2024, who provides real estate development expertise and secured $925 million in funding to accelerate its national expansion.

Join our team and play a critical role as we scale for rapid growth.

Role Overview

We are seeking a strategic and hands‑on Director of Development Cost Accounting to lead all aspects of project cost accounting across Colovore’s national development portfolio. The role is critical to ensuring accuracy, integrity, and scalability of financial reporting for ground‑up construction projects. The Director will partner cross‑functionally with Development, Construction, and Finance leadership to drive financial visibility, cost discipline, and process improvement across the project lifecycle.

Key Responsibilities

• Lead all cost accounting functions for development projects from pre‑construction through final closeout.
• Serve as a key business partner to Finance and Development leadership, providing strategic insight into cost drivers, risks, and savings opportunities.
• Oversee the accuracy and completeness of project cost data, including budgets, commitments, change orders, actuals, and accruals.
• Direct the preparation of timely and audit‑ready monthly reports, financial statements, and lender draw packages.
• Review, evaluate, and approve change orders in coordination with construction and finance leads.
• Ensure cost impacts are aligned with scope, contract terms, and drawings, and assess cost exposure to mitigate project risk.
• Define and implement scalable cost accounting workflows, controls, and reporting frameworks.
• Lead system configuration and process enhancements across platforms such as Yardi Job Cost and Textura.
• Build and lead a growing team of cost accountants.
• Foster a collaborative, high‑performance culture focused on accountability, efficiency, and accuracy.
• Communicate financial insights and variance analysis to executive and project teams.
• Establish governance standards for job cost data integrity and support clean internal and external audits.

Key Skills

• Construction & Development Accounting: Deep understanding of full project cost lifecycle, including budgets, change management, accruals, capitalization, and closeout.
• Systems Expertise: Proficiency in ERP and job cost platforms such as Procore, Yardi, and Textura; capable of driving configuration and integration improvements.
• Process Ownership: Demonstrated success building scalable accounting operations, process documentation (SOPs), and internal controls in dynamic environments.
• Leadership & Influence: Proven ability to lead teams, partner cross‑functionally, and drive alignment across finance and project stakeholders.

Required Experience

• 7+ years of experience in real estate development or construction accounting, with increasing responsibility.
• Proven track record of managing cost accounting across large‑scale development projects.
• Experience developing policy and implementing foundational cost accounting processes.
• Versed in construction loan draw preparation and related stakeholder management.
• Experience building or leading a team and working cross‑functionally with Development, Construction, and Finance leaders.
• Strong working knowledge of job cost systems, ERP platforms, and construction management software.
• Bachelor’s degree in Accounting, Finance, or related field; CPA preferred but not required.

What Success Looks Like

• Accurate, timely, audit‑ready reporting of development costs across all active projects.
• Strong governance over draw processes, reconciliations, and project closeouts.
• Scalable cost accounting systems and processes implemented to support future growth.
• Improved visibility into cost drivers and project performance for executive decision‑making.
• High‑performing cost accounting team built and aligned with company goals.
• Strong cross‑functional partnerships with Finance, Construction, and Development stakeholders.

Why You’ll Love Working at Colovore

At Colovore, we believe great work happens when people feel supported, trusted, and empowered. We offer a competitive and thoughtful benefits package designed to support your health, growth, and life outside of work, including:

• Competitive compensation with opportunities for growth and advancement.
• Comprehensive health benefits (medical, dental, and vision).
• Unlimited Paid Time Off (PTO) to support flexibility, rest, and work‑life balance.
• 10 paid company holidays and paid sick leave.
• 401(k) plan with company participation.
• Professional development opportunities and learning support.
• Collaborative, inclusive culture where your work makes a real impact.